Meta Platforms and BlackRock are developing a $14 billion data center campus in El Paso, Texas. BlackRock-managed funds will own eighty percent of the venture, and Meta retains twenty percent. This significant investment fuels the global race to build essential artificial intelligence infrastructure. Meta plans to invest six hundred billion dollars by twenty twenty-eight for data center expansion.

Meta and BlackRock announce a venture to finance the development and operation of a data center campus in El Paso, Texas.

July 28 : Meta Platforms and investment manager BlackRock on Tuesday formed a venture to develop and operate a data center campus in El Paso, Texas, a project valued at about $14…